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the federal gas tax -- let's lk about one tax. the federal gas tax. it goes to the highway trust fund. it hasn't gone up in 20 years. but the cost of road repair and road construction has gone up 55%. >> you don't think a lot more people would drive? >> i think that the gas tax -- >> you think just because it hasn't been touched for 20 years -- >> it is declining revenue source because our cars are more fuel efficient -- >> what about -- >> that's notot what we're talkg about, we're talking about one thing -- >> no, no, no, that's partof it -- >> you need more money, you have other resource, why to you need more money? >> you do need more because since 2008, the general fund has contributed $41 billion to the federal highway trust fund. you're asking people, you're basically -- drivers are t paying their way -- >> wait, let me just finish one thing -- >> wait, let me -- >> i pay 12 bucks a day. i'm not using up -- >> you don't know that for a fact. we are not paying -- >> so you are for what this congressman -- you're agreeing with a guy who has a bic
the federal gas tax -- let's lk about one tax. the federal gas tax. it goes to the highway trust fund. it hasn't gone up in 20 years. but the cost of road repair and road construction has gone up 55%. >> you don't think a lot more people would drive? >> i think that the gas tax -- >> you think just because it hasn't been touched for 20 years -- >> it is declining revenue source because our cars are more fuel efficient -- >> what about -- >> that's notot what...
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don't forget how we pay for those benefits through payroll taxes. how crazy is this program? pretax employers for hiring them and pay people not to work? is one of the craziest programs. >> i think there is some truth to your argument that may come as a surprise but there are also factors to be weighed entire sectors were wiped out in the last recession so it is hard to find suitable employment. >> gives the economy and adapt. >> sometimes you need more time to do that and that is why youet more time. >> died nine weeks? , 99 weeks? jedi that should do it if you cannot block did you go work at mcdonald's sadek but they're not be anymore because we will raise the battle waged. [laughter] dennis: it is set to stop talking but i could be a lot of a job here soon. nice job today. what you see it? the question of that i should the government extend unemployment benefits even if that adds to of employment? log on and we will shut -- share the results at the end of the show. more examples of past government god too far? have the problems plaguy obamacare and the white house said the
don't forget how we pay for those benefits through payroll taxes. how crazy is this program? pretax employers for hiring them and pay people not to work? is one of the craziest programs. >> i think there is some truth to your argument that may come as a surprise but there are also factors to be weighed entire sectors were wiped out in the last recession so it is hard to find suitable employment. >> gives the economy and adapt. >> sometimes you need more time to do that and...
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gerri: there are big changes coming to your taxes next year, we're planning a speal week of segments next week to help you navigate these changes, we'll drill down on income tax changes, changes to your investment affecting millions of us, andive you concrete how to strategies to help you best manage your money, join usext week 60 p.m., for a special use are guide to taxes, year end edition, we'll get youeady for the new and different from irs in 2014, it is not pretty, we'll tell you. >> rating your paig marriage map you get a true sense of your relationship go and identity thieves bes grinch that steals christmas this year? how can you keep your information safe? ask me wt it's like to get your best night's sleep every night. [announcer] why not talk to someone who's sleeping on the most highly recommended bed in america? ask me about my tempur-pedic. ask me how fast i fall asleep. ask me about staying asleep. [announcer] tempur-pedic owners are more satisfied than owners of any traditional mattress brand. tempur-pedic. the most highly recommended bed in america. now sleep cooler w
gerri: there are big changes coming to your taxes next year, we're planning a speal week of segments next week to help you navigate these changes, we'll drill down on income tax changes, changes to your investment affecting millions of us, andive you concrete how to strategies to help you best manage your money, join usext week 60 p.m., for a special use are guide to taxes, year end edition, we'll get youeady for the new and different from irs in 2014, it is not pretty, we'll tell you. >>...
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this is the mistake this administration keeps making over and over again, throwing tax dollars is not solving it. >> thank you. gerri: unbelieveable, right, own carry mess goes on. and now more disturbing news for your healthy, fda warning some defidefibrillators made by phils medamedical system may fail. i have to tell you, i think this story is appalling, so many machines and only now federal government waking up saying we need to fix it, get out tell people that machine macs may not work. they may be -- you may be having a heart attack, it supplies to you, you are not rhesus started. where is the government been? what about something simple like this. >> you know, interestingly, fda just this year, finally passed new legislation that they will regulate deeibrillators like other medical devices, however all these bits and pieces are just now coming together, over 400,000 americans die suddenly every year, that is more than all types of cancers combined, if you have a defibrillate or deployed, 70% survive without one, less than 5%. >> how big is this problem with these machines not w
this is the mistake this administration keeps making over and over again, throwing tax dollars is not solving it. >> thank you. gerri: unbelieveable, right, own carry mess goes on. and now more disturbing news for your healthy, fda warning some defidefibrillators made by phils medamedical system may fail. i have to tell you, i think this story is appalling, so many machines and only now federal government waking up saying we need to fix it, get out tell people that machine macs may not...
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and again, a hike in the national gas tax as well. again, not happening. but my next guest says that that is okay by him. andso, you like the fact that they are not doing all of these things. is that right? >> yes, if they try to bite off more than they can chew, the american people get kind of jumpy. but the reality is what small business owners need, they need stability and right now it's not the worst ing in the world. because think about every time they make a decision, usually they are trying to make this grand bargain and this enormous decision and it's not going to work. >> the big thing that is going on is nothing. and i think that the republicans learned a lesson and they want to talk about obamacare because it works. >> but maybe they are so sick and tired of this big government, that it was right and the republicans views. >> many people say that running campaigns come they want to see sensible solutions and both sides give something in what they don't want to see is hate and discontent. >> this was based on a slow-moving ship. the american peop
and again, a hike in the national gas tax as well. again, not happening. but my next guest says that that is okay by him. andso, you like the fact that they are not doing all of these things. is that right? >> yes, if they try to bite off more than they can chew, the american people get kind of jumpy. but the reality is what small business owners need, they need stability and right now it's not the worst ing in the world. because think about every time they make a decision, usually they...
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this means stes will soon start collecting internet sales taxes, fast-food workers, will walk out of job thursday to protest federal minimum wage, protesters are calling for $15 an hour, a lot of people think such a raise is possible. >> bank of america will they mo than $400 million to freddy back for bad home loans sold since 2000. >> those are some hot stories right now on fox business.com. >> still to come, my two cents more, it happens to the best of us, a thanksgiving food binge that sets you up for a bad holiday eating track. how t get you on the right track, coming up. this is the quicksilver cash back card from capital one. it's not the "fumbling around with rotating categories" card. it's not the etting blindsided by limit card. it's the no-game-playing, no-earning-limit-having, de-bomb-throwing, give-me-the-ball-and'll-take- it-to-the-house, cash back card. this is the quicksilver cash card from capital one. unlimited 1.5% cash back on every purchase, everywhere, every single day. so let me ask you. at's in your wallet? gerri: coming up from too much turk to too much pier,
this means stes will soon start collecting internet sales taxes, fast-food workers, will walk out of job thursday to protest federal minimum wage, protesters are calling for $15 an hour, a lot of people think such a raise is possible. >> bank of america will they mo than $400 million to freddy back for bad home loans sold since 2000. >> those are some hot stories right now on fox business.com. >> still to come, my two cents more, it happens to the best of us, a thanksgiving...
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we took there taxes were 2012 and layered the changes on taxes in 2013. it did not sound like a big increase, 7%. if you took the changes, not what you would think it would be, but the surprise was the amount. gerri? >> a quarter of a billion. gerri: were not talking about the world. just your clients. >> just clients. gerri: that's crazy. all right. let's take through these changes because there are a lot of them. starting with the brand spanking new income-tax bracket. tell us about that. >> the new tax bracket starts at 39%. so the bracket kicks in for taxpayers that are over for under 50,000 or 500. that is an increase from 35%. that's a huge increase. gerri: let's talk about the medicare taxes. in a new medicare tax rate of 0% tell us about that. gerri: the increase relates to earn income. that is on top of the social security increase that you had in the beginning of the year which is a 2% increase. many people were surprised. now you have that additional. he also have non income related to investments such as interest, dividends, capital gains, eff
we took there taxes were 2012 and layered the changes on taxes in 2013. it did not sound like a big increase, 7%. if you took the changes, not what you would think it would be, but the surprise was the amount. gerri? >> a quarter of a billion. gerri: were not talking about the world. just your clients. >> just clients. gerri: that's crazy. all right. let's take through these changes because there are a lot of them. starting with the brand spanking new income-tax bracket. tell us...
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this means states will soon start collecting internet sales taxes, fast-food workers, will walk out of job thursday to protest federal minimum wage, protesters are calling for $15 an hour, a lot of people think such a raise is possible. >> bank of america will they more than $400 million to freddy back for bad home loans sold since 2000. >> those are some hot stories right now on fox business.com. >> still to come, my two cents more, it happens to the best of us, a thanksgiving food binge that sets you up for a bad holiday eating track. how to get you on the right track, coming up. so i can reach ally bank 24/ but there are no branches? 24/7. i'm sorry, i'm just really reluctant to tryew things. really? what's wrong with trying n things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink water. it's a long story. well, not having branches let's us give you great rates and service. i'd like that. a new way to bank. a better way to save. ally bank. your money needs an ally. every day we'reorking to and to keep our commitments. and w've made a big commitm
this means states will soon start collecting internet sales taxes, fast-food workers, will walk out of job thursday to protest federal minimum wage, protesters are calling for $15 an hour, a lot of people think such a raise is possible. >> bank of america will they more than $400 million to freddy back for bad home loans sold since 2000. >> those are some hot stories right now on fox business.com. >> still to come, my two cents more, it happens to the best of us, a...
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if you live in those states with sales taxes, you will have to pay the very same taxes as you would in one of those brick and mortar stores. much more is still ahead and we will take a look at the global hotspots ignored by the obama administration and the national media. revolution breaking out entirely. but what does the doctor and say? what does mr. obama say? and the president trying to keep congress from passing new sanctions against iran. we will be joined by ralph peters in k.t. mcfarland with the analysis. we will await results from cybermonday. jen rogers joins us to tell us what it means for the to be american economy and the global economy as well. we are coming right back. the obama administration touting dramatic improvements out of healthcare.gov, and that is not what we are finding. we will be talking with the former director, tom scully, on what is really going on with obamacare. as a business owner, i'm constaly putting out fires. so i deserve a small business credit card with amazing rewards. with the spark cascard from capital one, i t 2% cash back on ery purchase, e
if you live in those states with sales taxes, you will have to pay the very same taxes as you would in one of those brick and mortar stores. much more is still ahead and we will take a look at the global hotspots ignored by the obama administration and the national media. revolution breaking out entirely. but what does the doctor and say? what does mr. obama say? and the president trying to keep congress from passing new sanctions against iran. we will be joined by ralph peters in k.t....
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but what i'm worried about is more money from medicaid doubling the gas tax because we need more money, it's sort of the same theme. just throw more money at them. without accounting for the money we have already committed. and we keep doing it. >> we keep doing it because specialists special interest groups benefit. medicare and medicaid benefit and it's basically a way of artificially increasing emand and increasing the third-party payer which will lead to a lot more utilization of health care services in ways that there is no cost effectiveness order intelligent allocation of resources. and you're going to overprice your products because you know that consumers don't care and in this case american taxpayers. they are paying the bill. it's a cause somef what is going on with government in the health care sector generally. but as i said, i'm trying to be optimistic and this might be the example that people need with genuine medicaid reform, do what was then the ryan budget. let's block this program back to the state. at least as new york state wants to waste money, only they will pick
but what i'm worried about is more money from medicaid doubling the gas tax because we need more money, it's sort of the same theme. just throw more money at them. without accounting for the money we have already committed. and we keep doing it. >> we keep doing it because specialists special interest groups benefit. medicare and medicaid benefit and it's basically a way of artificially increasing emand and increasing the third-party payer which will lead to a lot more utilization of...
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gerri: resawed tax i.d., a past itinerarytr, property records, a physicalysic characteristics, law enforcement and intelligence information. shocking and compromising. d >> eight completely deny they do this but with edwards noted we hear incremental disclosure. we will find out. but bottom line as a traveler if you decide to y join this program you give them more data points including fingerprints if you join t global entry program your passport informion, it is the key into all sorts of database throughout the government and they are getting betterng to connect the dots. gerri: rehabing increases of holiday fares so if you wait you will see an increase what are the numbers?he >> if you look at the firstt we week of december buying for the holidays starting december 1750% increase. nonstop another 30%. traveling on thew weekend is 20% so over --. gerri: and if you've looked at year-over-year increases thanksgiving is up 95 4% in christmas 7.3%. gets on its. prices are going up. terrific to see you. coming up a new report shows just how grown up pg-13 really is. is setting a good guy for consu
gerri: resawed tax i.d., a past itinerarytr, property records, a physicalysic characteristics, law enforcement and intelligence information. shocking and compromising. d >> eight completely deny they do this but with edwards noted we hear incremental disclosure. we will find out. but bottom line as a traveler if you decide to y join this program you give them more data points including fingerprints if you join t global entry program your passport informion, it is the key into all sorts of...
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tax down to five percent, the personal income tax down to five percent, make the capital gains tax zero, take the payroll tax and bring it down for the employee and the employer. without bringing any new money to detroit, just leaving money in detroit is over a billion dollars that would stimulate detroit's economy. >> basically a flat tax but flat nonetheless. >> absolutely. flat and very low. we also look at regulations and try to get rid of the owner's regulations that's making it expensive for city government and for businesses to locate in detroit. we think if you combine all of this, that it would be the model for how you would rescue cities across the country but any impoverished area. we have impoverished areas in eastern kentucky. we think this same plan would rescue them and parts of louisville and other major cities. >> maybe the country while you're at it. we have had five years of spread the wealth. you didn't build that. share share economics. where has obama failed detroit? >> here's the problem. the president says let me tax houston, send it to washington, then i'll pass
tax down to five percent, the personal income tax down to five percent, make the capital gains tax zero, take the payroll tax and bring it down for the employee and the employer. without bringing any new money to detroit, just leaving money in detroit is over a billion dollars that would stimulate detroit's economy. >> basically a flat tax but flat nonetheless. >> absolutely. flat and very low. we also look at regulations and try to get rid of the owner's regulations that's making...
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when you increase tax rates on them you don't get that capital. all that money that rick is talking about that needs to be spent, invested into new businesses. that's the genesis of economic growth. capital investments. >> while small businesses are getting hurt, the big businesses have been doing fine. in fact, look what happened with the obama recovery compared to the bush expansion. the top one percent, we're hearing a lot about them, they had an expansion of 65% during bush. during the obama so called recovery they got 93%. so the rich have all these special deals which is helping them get more money while the poor are losing. >> i hear what you are saying. here's the thing. we see time and again these poll significances say we do want pro growth economic policies but they show up in washington d.c. and i think they got some kind of stockholm syndrome where they do their krony capitalism to redistrict and that doesn't work. mike is right. all new job creation over the last decade or so comes from the small business startups and, boy, they're g
when you increase tax rates on them you don't get that capital. all that money that rick is talking about that needs to be spent, invested into new businesses. that's the genesis of economic growth. capital investments. >> while small businesses are getting hurt, the big businesses have been doing fine. in fact, look what happened with the obama recovery compared to the bush expansion. the top one percent, we're hearing a lot about them, they had an expansion of 65% during bush. during...
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it's going to wind up being taxed on somebody else later. unfortunately, we need them in it. $95, whatever the fine is, they need jail is what happens if you don't do it, because we need 100% of the people under 35 on this plan, subsidizing older people. >> okay. on your christmas table, do you think you'll be talking about this? is that going to convince your nieces and nephews to sign up? >> good lor we talk about how tony romo blew another season for the cowboys most likely. gary b. ischicken little, bernard is a fountain of misinformation. let's break this down. amazon can handle 1 million transactions per minute. this government website can handle 50,000. that's how competent these guys are. these guys are ideologue whos w know nothing about people. they understand they've been sold a bill of goods here, they have been told they can keep their doctor, keep their health plan. they know it's not true. >> let's forget about the website. let's think about, instead, are we going to pay more? >> well, we have to, brenda, look, in bernard's si
it's going to wind up being taxed on somebody else later. unfortunately, we need them in it. $95, whatever the fine is, they need jail is what happens if you don't do it, because we need 100% of the people under 35 on this plan, subsidizing older people. >> okay. on your christmas table, do you think you'll be talking about this? is that going to convince your nieces and nephews to sign up? >> good lor we talk about how tony romo blew another season for the cowboys most likely. gary...
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a tax to end all taxes. what a dumb democratic congressman issa cooking up that could have you coughing up. every day we're working to be an even better company - and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest engy investor. our commitment has never been stronger. i as a business owner, i'm constantly putting out fires. so i deserve a small business credit card with amazing rewards. with the spark cascard from capital one, i get 2% cash back on ery purchase, every day. i break my back around here. finally soone's recognizing me with unlimited rewards! meetings start at 11, cindy. [ malennouncer get the spark business card from capital one. choose 2% cash back or double miles on every purchase, every d. what's in your wallet? i need your timesheets, l
a tax to end all taxes. what a dumb democratic congressman issa cooking up that could have you coughing up. every day we're working to be an even better company - and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest engy investor. our...
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a tax to end all taxes. what a dumb emocratic congressman issa cooking so i can reach ally bank 24/7, but there are no branches? 24/7. i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink water. it's a long story. well, not having branches let's us give you great rates and service. i'd like that. a new way to bank. a better way to save. ally bank. your money needs an ally. because you can't beat zero heartburn. woo hoo! [ male announcer ] prilosec otc is the number one doctor recommended frequent heartburn medicine for 8 straight years. one pill each morning. 24 hours. zero heartburn. neil: if the democratic congressman earl blumenauer gets his way, taxes will double to about 33.4 cents per gallon. so calm down. anyway, he sas it is to pay for poorly funded transportation and he also said it is high time since th federal gas tax has been high. i so do it, are you okay this? >>
a tax to end all taxes. what a dumb emocratic congressman issa cooking so i can reach ally bank 24/7, but there are no branches? 24/7. i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink water. it's a long story. well, not having branches let's us give you great rates and service. i'd like that. a new way to bank. a better way to save. ally bank. your money needs...
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12/13
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FBC
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guide to taxes continues with a tax strategy session so you can do some planning. that is airports might "willis report" and we thank you for joining us. have a great night. ♪ lou: the nation's east coast is hammered by a deadly winter storm that caused scores of car wrecks and canceled thousands of flights and that's just the first round. the second round begins in just hours. a powerful storm with more ice and snow that will hit tonight. i am lou dobbs. ♪ ♪ ♪ lou: good evening, everybody. the relentless storm pounding cities along the east coast, dropping snow and sleet and freezing rain across much of the region. forecasters say that washington dc could get up to 5 inches of snow in philadelphia up to three and new york at least 1 inch. the storm system is wreaking havoc on the roads and in new jersey a car slid off interstate 78 and two people were killed. overall, 11 deaths across the country have been blamed on the storm in the snow and icy conditions is causing an exceptional number of pilots. the chain reaction crash on the pennsylvania turnpike tha
guide to taxes continues with a tax strategy session so you can do some planning. that is airports might "willis report" and we thank you for joining us. have a great night. ♪ lou: the nation's east coast is hammered by a deadly winter storm that caused scores of car wrecks and canceled thousands of flights and that's just the first round. the second round begins in just hours. a powerful storm with more ice and snow that will hit tonight. i am lou dobbs. ♪ ♪ ♪ lou: good...
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12/13
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FOXNEWSW
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but the left wants more spending and even higher taxes. simply put, the big government spending machine has not helped the economy very much. but again, liberal theory trumps results. >> the idea that so many children are born into poverty in the wealthiest nation on earth is heartbreaking enough, but the idea that a child may never be able to escape that poverty because she lacks a decent education or health care or a community that views her future as their own? that should offend all of us. >> well, it certainly offends me. if children are not getting a good education or do not have proper health care, i'm offended. but you cannot bankrupt the entire nation on some ideological quest for income equality. in a capitalistic system, that's impossible. a "wall street journal" editorial yesterday was blunt -- "mr. obama returned to his favorite theme of rising income inequality. he ought to know since few presidents have done more to increase inequality than he has. median household income has fallen since the economic recovery began, while t
but the left wants more spending and even higher taxes. simply put, the big government spending machine has not helped the economy very much. but again, liberal theory trumps results. >> the idea that so many children are born into poverty in the wealthiest nation on earth is heartbreaking enough, but the idea that a child may never be able to escape that poverty because she lacks a decent education or health care or a community that views her future as their own? that should offend all...
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decent health insurance at a reasonable cost through choice and competition on this marketplace, and tax credits that you may be eligible for, that can save you hundreds of dollars in premium costs every month, potentially. more problems may pop up. as they always do when you're launching something new. and when they do, we'll fix those, too. but what we also know is that after just the first month despite all the problems in the rollout, about half a million people across the country are poised to gain health care coverage through marketplaces and medicaid beginning on january 1st, some for the very first time. we know that, half a million people. and that number is increasing after day. and it is going to keep growing and growing and growing. >> the president told congressional republicans to give up their campaign to repeal the affordable care act. >> now, we may never satisfy the law's opponents, i think that's fair to say. some of them are rooting for this law to fail. it's not my opinion, by the way. they say it pretty explicitly. some have already convinced themselves the law has
decent health insurance at a reasonable cost through choice and competition on this marketplace, and tax credits that you may be eligible for, that can save you hundreds of dollars in premium costs every month, potentially. more problems may pop up. as they always do when you're launching something new. and when they do, we'll fix those, too. but what we also know is that after just the first month despite all the problems in the rollout, about half a million people across the country are...
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. >> meaning the state would take the taxes collected from all over the state and it would go back out -- >> yeah, parse it out. one was because of the detroit losing population. most of it, $44 million, what was a state la that went into effect in 2012 just before the city ran out of cash. >> they pass a bill that takes $47 million out of the ledger of detroit, and detroit files for bankruptcy. >> then the emergency manager appointed by the governor, who is virtually a dictator, did the bankruptcy filing. it was the governor's agent. >> the judge said there is not enough evidence to say the fix was in, what was your opinion of -- when people look at detroit, they say classic story of big government gone awry. too many employees and pensions, why did detroit go bankrupt? >> the numbers just don't depict that. we took a good look at the numbers, the great reception drove unemployment up to 30%. it was a devastating event. since the great depression, they cut their budget by 38%. >> so they are spending 38% less? >> yes. the number of employees per capita in detroit, there is many fewer
. >> meaning the state would take the taxes collected from all over the state and it would go back out -- >> yeah, parse it out. one was because of the detroit losing population. most of it, $44 million, what was a state la that went into effect in 2012 just before the city ran out of cash. >> they pass a bill that takes $47 million out of the ledger of detroit, and detroit files for bankruptcy. >> then the emergency manager appointed by the governor, who is virtually a...
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so maybe the gas tax money goes to the same places a social security trust fund and we say that we are trying to get to the bottom of this. if you can account for all of this, then you can make a credible argument. >> this is a good for you segment and the point is there is no accountability. you snd billions on education and you know how dumb our kids are. maybe not yours two i can't lecture. because i useto put a number in front of the decimal point. >> but we are doing hundreds of billions of dollars in and the more we spend on education, thhe words the test scores dead in the more that we on poverty programs, the more we spend on ads come the worse the poverty programs and roads get. insidethe beltway they live and talk to themselves. republicans are the same way. >> absolutely. >> there is no bottom line, just a bottomless pit. >> if you allate the sons, you and i can question this and then followed it. where's that money going? >> how many times will we see an incredible job that all of the others have in handling the crowds. and at the me time you see this website the obamacare
so maybe the gas tax money goes to the same places a social security trust fund and we say that we are trying to get to the bottom of this. if you can account for all of this, then you can make a credible argument. >> this is a good for you segment and the point is there is no accountability. you snd billions on education and you know how dumb our kids are. maybe not yours two i can't lecture. because i useto put a number in front of the decimal point. >> but we are doing hundreds...
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the tax was challenged by amazon and overstock, the tax stays in place at the state level. to the big board, where are we this monday morning? we were going to go up and wrong, down 31 points as of now. as for the price of gold this monday morning, we're down there, too, off $16 an ounce, back to 1234. according to the national retail federation, on-line sales accounted for 44% of total black friday retail sales and shoppers avoided the parking lots and long lines and according to our next guest, the disastrous state of the sales. and two people got it wrong, bricks and mortar. number one is gap, what did they do wrong? >> gap is looking like a winner, old your horses, this is a company cut that numbers to make an earnings. and yes, you have to make basically the stores messy, large piles of clothes, banana republic, gap, old navy, instant markdowns. stuart: the stock is up 2 1/2% despite what you're saying about the state of the stores. >> nobody people were talking about the stores were in disarray and didn't have enough employees and you're supposed to put your best foot
the tax was challenged by amazon and overstock, the tax stays in place at the state level. to the big board, where are we this monday morning? we were going to go up and wrong, down 31 points as of now. as for the price of gold this monday morning, we're down there, too, off $16 an ounce, back to 1234. according to the national retail federation, on-line sales accounted for 44% of total black friday retail sales and shoppers avoided the parking lots and long lines and according to our next...
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tax reform and tort reform. >> make it attractive. come on. >> health savings accounts. which are tax-free dollars, so if you decide you want to go to a chiropractor and your health insurance doesn't cover that, your money can go to pay for that rather than the government. >> that's a funny thing. you're right. a free market idea is incredibly simple. it works in every other industry, but it's overcomplicated by thousands of pages of bureaucratic nonsense that keeps people in their professions. >> rather than try and say what's your other idea, we had another idea. it could have been helped and fixed. it was a free market solution, free market health care. >> which was? >> which is what we were doing before. there needed to be some tweaks to it. >> look at bob. >> remove the ban from -- if you're an insurance company in new jersey, you can't sell it in new york. that is ridiculous and stupid. so you move some of those. hold on. >> sorry. >> what's your other alternative, there are plenty of them out there. i don't think any of them are that good. i think the original sys
tax reform and tort reform. >> make it attractive. come on. >> health savings accounts. which are tax-free dollars, so if you decide you want to go to a chiropractor and your health insurance doesn't cover that, your money can go to pay for that rather than the government. >> that's a funny thing. you're right. a free market idea is incredibly simple. it works in every other industry, but it's overcomplicated by thousands of pages of bureaucratic nonsense that keeps people in...
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there is corporate tax reform -- >> the problem is when you say tax reform you mean cutting taxes for the wealthy. >> no reforming the tax code to incentivize businesses to hire. >> but again, i would say you have a lot of blockaids in your own party. >> i want to get your take. on the former vice president dick cheney speaking out about the feud between his daughters. listen to this. >> we were surprised when there was an attack launched against liz on facebook. and we wished it had not happened. it was always dealt with in the family and we wish it was. >> it was launched against liz by her sister and her wife. >> this is a little godfatherish. we want to keep this in the family, but the irony here for dick cheney is that he is to the left of his own daughter who is running for the senate in the state of wyoming on the issue of gay marriage. he said that he believes in personal freedom and that he believes it's an issue that should be left up to the states and she has said i'm opposed to gay marriage. so he is more libertarian than he is. >> the family fuse within the family, and in
there is corporate tax reform -- >> the problem is when you say tax reform you mean cutting taxes for the wealthy. >> no reforming the tax code to incentivize businesses to hire. >> but again, i would say you have a lot of blockaids in your own party. >> i want to get your take. on the former vice president dick cheney speaking out about the feud between his daughters. listen to this. >> we were surprised when there was an attack launched against liz on facebook....
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what about tax reform. they always talk about it. immigration reform. that farm bill is already two years overdue. with all this unfinished business, what are they doing? let me give you a hint. according to "the washington post" only five days are planned in december when the house and the senate will both be in washington. just five days for senators and members of congress to work together and actually solve problems. they don't operate in a vacuum. they can't get work done if they're not both working together or even working. that is a fact. now, that's not to say some are not working. it's the institution that's the problem. the institution has a lousy work ethic. as long as we are content to be the enablers, you and me, it'll get worse. my view, time's up. either they stay in washington for a full month of work in december and prove they really care, or they should be voted out. no questions asked. and regardless of party. if you don't want to work. just go. that's my off the record comment tonight. if you have an important story or issue you thin
what about tax reform. they always talk about it. immigration reform. that farm bill is already two years overdue. with all this unfinished business, what are they doing? let me give you a hint. according to "the washington post" only five days are planned in december when the house and the senate will both be in washington. just five days for senators and members of congress to work together and actually solve problems. they don't operate in a vacuum. they can't get work done if...
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how are you with taxes? [ laughs ] [ counselor ] and for even more cleaning power, try cascade platinum. hands for holding. feet, kicking. better things than the joint pain and swelling of moderate to severe rheumatoid arthritis. if you're trying to manage your ra, now may be the time to ask about xeljanz. xeljanz (tofacitinib) is a small pill for adults with moderate to severe ra for whom methotrexate did not work well. xeljanz can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal infections and cancers have happened in patients taking xeljanz. don't start taking xeljanz if you have any kind of infection, unless ok with your doctor. tears in the stomach or intestines, low blood cell counts and higher liver tests and cholesterol levels have happened. your doctor should perform blood tests, including certain liver tests, before you start and while you are taking xeljanz. tell your doctor if you have been to a region where certain fungal infections are common and if you h
how are you with taxes? [ laughs ] [ counselor ] and for even more cleaning power, try cascade platinum. hands for holding. feet, kicking. better things than the joint pain and swelling of moderate to severe rheumatoid arthritis. if you're trying to manage your ra, now may be the time to ask about xeljanz. xeljanz (tofacitinib) is a small pill for adults with moderate to severe ra for whom methotrexate did not work well. xeljanz can lower your ability to fight infections, including...
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here is what i see her when i look at tax payers wallets. an open-ended obligation of my money going to insurers to fix the problem because the poor planning of this administration. again, why is that? >> i think it's not just this, it's the whole law, and i think you're actually onto something there. because people have talked about whether this will work and how many people would enroll, will there be a so-called deathspiral and etc. gerri: president is willing to open the process and the task of these insurers to give them whatever they want. let's talk about how many times the price tags for this website has gone up. that is now a billion dollars. it seems as though they are not willing to say that we are going to end this plan and what they are willing to say is that we will spend what we have to to make it work. and i could be disastrous. >> that is correct. but they probably will do exactly that despite what they have to. but even without him i don't think what they are going to get is much more than something that looks like a bit mo
here is what i see her when i look at tax payers wallets. an open-ended obligation of my money going to insurers to fix the problem because the poor planning of this administration. again, why is that? >> i think it's not just this, it's the whole law, and i think you're actually onto something there. because people have talked about whether this will work and how many people would enroll, will there be a so-called deathspiral and etc. gerri: president is willing to open the process and...
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what about taxes? discounting sales tax. portland, oregon, rent the worst but came to the amount of taxes paid. highest taxes for people on vacation according to the global business travel association of business or the managers may pay $22.86 just in taxes. boston and indianapolis in a close second and third. $18.10 respectively there. we have big money in college football. we are going to to the ceo of one of the big playoff games to be and one of the big bowl games. another consequence of health reform. covering the nations volunteer fireman. why would they have to be covered under obamacare? and more on the new ceo of general motors which we talked about earlier. saying moments ago she was the unanimous choice. more details at the top of the hour as "markets now" continues. hi honey, did you get e toastecozy? yep. got all the cozies. [ grandma ] with n fedex one rate, i could ll a box and ship it r one flat rate. so i kn untilt was full. you'd be crazy not to. is tt nana? [ male announcer ] fedex one rate. simple, flat r
what about taxes? discounting sales tax. portland, oregon, rent the worst but came to the amount of taxes paid. highest taxes for people on vacation according to the global business travel association of business or the managers may pay $22.86 just in taxes. boston and indianapolis in a close second and third. $18.10 respectively there. we have big money in college football. we are going to to the ceo of one of the big playoff games to be and one of the big bowl games. another consequence of...
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sales taxes and why you should be paying it. states lose $2 billion a year from uncollected tax from web users. the supreme court decided yesterday not to get involved in appeals from amazon.com and overstock.com. the court let ruling from internet retailers to collect sales taxes even if they have no physical presence in the state. do you follow me? the issue effectively ends tax-free online shopping for lots of people. brick and mortar people say they are at a disadvantage when they have to collect taxes and online do not. it's different from state-to-state and it's just been a real mess there but supreme court is not going to weigh in on this. i want to give you a quick peek at the markets. dow and the major markets all fell after the black friday results showed that consumers spent less than last year. gold stock fell as well. concerns about the fed withdrawing -- using a big pull-back in gold this year. the ten-year treasury climbed again. it means higher mortgage rates likely and higher rates for car loans and the like. kr
sales taxes and why you should be paying it. states lose $2 billion a year from uncollected tax from web users. the supreme court decided yesterday not to get involved in appeals from amazon.com and overstock.com. the court let ruling from internet retailers to collect sales taxes even if they have no physical presence in the state. do you follow me? the issue effectively ends tax-free online shopping for lots of people. brick and mortar people say they are at a disadvantage when they have to...
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there will be more debate about it, alec is a tax-exempt charity. what it does is cook up legislation. >> if i had the choice of choosing who could be elected in a particular election or writing the laws that that person would introduce as a legislator once they were there, i know which one i would pick. thank you very much for your time, sir, fascinating. we'll be right back. [ thunder crashes ] [ female announcer ] some people like to pretend a flood could never happen to them. and that their homeowners insurance protects them. [ thunder crashes ] it doesn't. stop pretending. only flood insurance covers floods. ♪ visit floodsmart.gov/pretend to learn your risk. i have a big meeting when we land, but i am so stuffed up, i can't rest. [ male announcer ] nyquil cold and flu liquid gels don't unstuff your nose. they don't? alka seltzer plus night fights your worst cold symptoms, plus has a decongestant. [ inhales deeply ] oh. what a relief it is. where their electricity comes from. they flip the switch-- and the light comes on. it's our job to make
there will be more debate about it, alec is a tax-exempt charity. what it does is cook up legislation. >> if i had the choice of choosing who could be elected in a particular election or writing the laws that that person would introduce as a legislator once they were there, i know which one i would pick. thank you very much for your time, sir, fascinating. we'll be right back. [ thunder crashes ] [ female announcer ] some people like to pretend a flood could never happen to them. and that...
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vehicle miles travel tax or vmp is a solution. he has reintroduced legislation for the government to study ways to implement it. some drivers in oregon will test a pilot program in 2015. super bowl 48 which you can watch here on the fox network is the most expensive yet. the anticipated price tag organizers expect to raise is $70 million. and they are already sold out. shelling out over 5 percent more february 2nd gained than last year. a 30 second slot now $4 million. microsoft is taking on an unlikely foe. vict victoria secret kind of. the tech giant is trying to create a smart bra that can reduce stress by sensors that track skin activity. the sensors communicate with user's smart phone and let them know when they are stressed and are prone to over eat. they don't have plans to market it to the masses. don't get too excited about your new diet. >>> thank you, lauren. it is now 13 minutes after the top of the hour. dozens of whales stranded in shallow waters in florida. we are live on the coast as rescue workers are trying to sa
vehicle miles travel tax or vmp is a solution. he has reintroduced legislation for the government to study ways to implement it. some drivers in oregon will test a pilot program in 2015. super bowl 48 which you can watch here on the fox network is the most expensive yet. the anticipated price tag organizers expect to raise is $70 million. and they are already sold out. shelling out over 5 percent more february 2nd gained than last year. a 30 second slot now $4 million. microsoft is taking on an...
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it means that new york will continue to collect taxes from those online retailers. david: shares of dow chemical jumping after the company will sell the bulk of its coring operations, its oldest business, part of a plan to shed assets worth up to $4 billion. liz: managed care giant, unitedhealth group forecast estimates that fall short of analyst expectations following changes in medicare and other bought health programs. david: commuters heading home from new york this even being will face more disruption after the crash of the metro-north train in the bronx yesterday. four people were killed and dozens were injured. workers are still working to clear some of the weakage. "after the bell" starts right now. liz: on this first trading day of december let's break down today's action. we have david lutz, still nicholas managing director. he will tell us the top places to put your money right now, and lincoln ellis in the pits of the cme. lincoln, start with you. a little bit of retrenchment to the downside at the last second of the markets. tell us what the real feel i
it means that new york will continue to collect taxes from those online retailers. david: shares of dow chemical jumping after the company will sell the bulk of its coring operations, its oldest business, part of a plan to shed assets worth up to $4 billion. liz: managed care giant, unitedhealth group forecast estimates that fall short of analyst expectations following changes in medicare and other bought health programs. david: commuters heading home from new york this even being will face...
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most bush tax cuts remain and much of the obama agenda is stalled. progressives blame the president and weak party leadership. >> democrats didn't push hard enough to create an agenda that would put america back to work, rebuild our infrastructure, get us out of the wars, and to take us in a new direction on trade and push for civil liberties. >> reporter: but the think tank known as third wave ripped into far left economic pop ulists, warning in a hard-hitting op-ed that, nothing would be more disastrous for democrats. the political problems of liberal populism are bad enough. the movement relies on a, we can have it all fantasy. when the tea party pushed the gop right, democrats lost the house majority in the biggest blowout in 50 years. a coalition of 54 blue dog democrats saw their ranks decimated by more than half then, and they're down to 15 now. blue dogs were all the rage in the '90s. president clinton declared the era of big government over, the economy was strong and budget was balanced. >> growing the private economy is the prerequisite fo
most bush tax cuts remain and much of the obama agenda is stalled. progressives blame the president and weak party leadership. >> democrats didn't push hard enough to create an agenda that would put america back to work, rebuild our infrastructure, get us out of the wars, and to take us in a new direction on trade and push for civil liberties. >> reporter: but the think tank known as third wave ripped into far left economic pop ulists, warning in a hard-hitting op-ed that, nothing...
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and very conservative when it came to fiscal policies, saying don't tax me, don't take away any more of my money, they have interviewed people, i started on food stamps, i pulled my way up, i don't like giving to people, who to me don't look like they are trying to get better. >> it is a punishment, the wrongs of yesteryear,ure we always told the same 1% that were wealthy in 1979 are same now but they gobbled up a greater share of the wealth, as if we don't have mobility up and down. >> we've seen a lot more economic mobility downward, when you have 20% of the people being rich, top 2% of the bracket, sometime that means that rich are getting richer, that is not a bad thing. melissa: if everyone is en insession cure. >> what you have seen is an ex askeex -- exacerbated by president obama. in the economy nothing is perfect, free markets they ebb and 'fro flow, you need a limitd government that gets out of the way. >> i agree, you need a strong middle class, the economic inequality is the main challenge of our generation, you have so many poor people, and so many rich people nobody in
and very conservative when it came to fiscal policies, saying don't tax me, don't take away any more of my money, they have interviewed people, i started on food stamps, i pulled my way up, i don't like giving to people, who to me don't look like they are trying to get better. >> it is a punishment, the wrongs of yesteryear,ure we always told the same 1% that were wealthy in 1979 are same now but they gobbled up a greater share of the wealth, as if we don't have mobility up and down....
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eastern for a special user's guide to your taxes. it is the year end edition. i'm coming back, are these coins a good investment? $4000 is the average cost. why are costs rising so much? stay with us. just by talking to a hmet. it grabbed the patient's record before we even picked himp. it found out the doctor we needed was at st. anne's. wiggle your toes. [ driver ] and it got his okay on treatment from miles away. ven pulled strings with the stoplights. my ambulance talks witsmoke alarms and pilots and adiums. but, of course, 's a good listener too. [ female announcer ] today cisco is connecting the internet oeverything. so everything works like never before. gerri: emergency rooms are profit centers? here with more, a professor of orthopedic surgery at duke university. i can't imagine why would cost thousands of dollars to get stitches. what is going on? >> emergency rooms tend to be one of the most expensive places to get your health care. and so if you have a smaller or nonurgent issue, will you will pay more. you also need to remember that there are four
eastern for a special user's guide to your taxes. it is the year end edition. i'm coming back, are these coins a good investment? $4000 is the average cost. why are costs rising so much? stay with us. just by talking to a hmet. it grabbed the patient's record before we even picked himp. it found out the doctor we needed was at st. anne's. wiggle your toes. [ driver ] and it got his okay on treatment from miles away. ven pulled strings with the stoplights. my ambulance talks witsmoke alarms and...
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they look at death taxes. they look at income taxes. even though they candying up some studies every now and then that purport to show this has no effect, the fact is a lot of people move to florida, people move to texas and some people even move to states like wyoming, nevada and state of washington. david: people affected are very small, 1.4%, but when you look at the disproportionate amount of money that 1.4% pays in tax, that could be a big, if they move out, that could be a big crimp in an already-strained budget in new york. >> that's right. new york already has when you combine city and state taxes one of the highest tax burdens in the country. it devastated new york state. look at up state. again to think new york city's impervious to these kind of demand, look what happened in the 1960s and '70s they literally drove the city to bankruptcy. so why start on that path again? david: let's talk a little bit about the rhetoric of income disparity. we heard the president talking about it. there is bigger gap between the richest and po
they look at death taxes. they look at income taxes. even though they candying up some studies every now and then that purport to show this has no effect, the fact is a lot of people move to florida, people move to texas and some people even move to states like wyoming, nevada and state of washington. david: people affected are very small, 1.4%, but when you look at the disproportionate amount of money that 1.4% pays in tax, that could be a big, if they move out, that could be a big crimp in an...
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he will tax if he decides to and write regulations if he decides to. and he will decide the constitution if he decides to. honestly, i wanted a phone with a better camera. my boyfriend has a lot of can't-miss moments. i checked out the windows phones and saw the lumia 10 has 41 megapixels. so i can zoom way in even after i take the picture. and i can adjust the shot before i take it so i get it exactly how i want. so, i went with a windows phone. maybe i just see things other people don't. ♪ honestly ♪ i wanna see you be brave ♪ that's the sound of car insunce companies these days. here a cheap, there a cheap. everywhere a cheap... you get it. so what if instead ofjust a cheachoice, you could make a smart choice? like esurance for example they were born online and built to save people money from the beginning. that's what they've always ne. not just somhing they...cheep about. that's insurance for the modern world. esurance. now backed by allstate. click or call. >>> it's time for mistletoe and holly. >>> well, new developments tonight in the sto
he will tax if he decides to and write regulations if he decides to. and he will decide the constitution if he decides to. honestly, i wanted a phone with a better camera. my boyfriend has a lot of can't-miss moments. i checked out the windows phones and saw the lumia 10 has 41 megapixels. so i can zoom way in even after i take the picture. and i can adjust the shot before i take it so i get it exactly how i want. so, i went with a windows phone. maybe i just see things other people don't. ♪...
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your tax cheat if you are not paying your sales taxes. and people are paying big bucks for sports memorabilia. from the ballfield may be. people pay money for anything. that is what they are paying for a barrel of oil. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their0-year lipper average t. rowe price. invest with confidence. with investment information, risks, fees and expenses to read and consider carefully before investing. daymac new home sales surging in october taking home builder stocks with them. nicole petallides is at the stock exchange. >> helped to bring them off of the lows of the day, they are not far off of the unchanged line but the new home sales numbers came in and beat the street expectations with a rise of 20.4% to 440,000 beating the estimate of 426,000. of up arr
your tax cheat if you are not paying your sales taxes. and people are paying big bucks for sports memorabilia. from the ballfield may be. people pay money for anything. that is what they are paying for a barrel of oil. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of...
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it is government debt is bigger, but taxes more and has a lot more power over individual americans. lou: just within the last two days the president also again sounding like a tea party chieftain as he railed against the inequities of the income distribution in the country, the heartless disparate distribution of wealth across, as if he had not been president for five years. >> his entire goal the whole time is to literally take from the rich and give to the board. this is what he campaigned on. you're sitting here talking about the expansion of government committee introduced obamacare as chief legislation. literally almost double the size of government. when it enacted completely. once again, it is just what is coming of his mouth. he is on the campaign trail. american people bought it up until now. his approval ratings are abysmal >> the speech about inequality was not at tea party speech. it was in occupy wall street speech. a call for socialism, take money away from the rich and give it to the port. the best example of why this is not that tea party president, think about obama
it is government debt is bigger, but taxes more and has a lot more power over individual americans. lou: just within the last two days the president also again sounding like a tea party chieftain as he railed against the inequities of the income distribution in the country, the heartless disparate distribution of wealth across, as if he had not been president for five years. >> his entire goal the whole time is to literally take from the rich and give to the board. this is what he...
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trace gallagher has the story. >> reporter: the tax is called a reinsurance fee. it's on nearly every health plan for the first three years, meant to raise about $25 billion over the three years to help pay for people with pre-existing conditions. if the change is approved nobody would be exempt next year. in 2015 and 2016 groups that act as their own insurance companies and their own claims processors would be exempt to unions that self-insure would greatly benefit. republican senator orin hatch says it certainly looks like the obama administration is looking at a special deal for unions which is deeply concerning given the problems that all americans are facing due to obama care. now the unions argue this is not aimed at them. it's not nearly enough. the laborers union says, again quoting, as the new regulations offer no substantive relief for our health care plan the laborers union will continue to look for opportunities to fix this egregious tax on our members and their families. remember, the unions fought to help the president get elected and fought to pass
trace gallagher has the story. >> reporter: the tax is called a reinsurance fee. it's on nearly every health plan for the first three years, meant to raise about $25 billion over the three years to help pay for people with pre-existing conditions. if the change is approved nobody would be exempt next year. in 2015 and 2016 groups that act as their own insurance companies and their own claims processors would be exempt to unions that self-insure would greatly benefit. republican senator...
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property tax because he raises honeybees' he qualifies for the honeybee subsidy. bruce springsteen owns hundreds of acres of land but pays little tax because a an organic farmer works his land his pour neighbors pay more. >> i don't get anybody trying to lower taxes but bonn jovi and springsteen publicly supporting for obama holding rallies but then cry tax cuts for their riches and they robbed of poverty programs and a social contract with america being destroyed the middle-class is harmed but then you rob those anti-poverty programs by calling yourself a former? that is the hypocrisy that is frustrating to see why i wrote the book calling of these people on their duplicity. john: one final example some of the activists are so eager to promote anti- capitalist they glamorize people like bill ears -- bill ayers they killed people and bombed buildings and obama held a fund-raiser in bill ayers living room so robert redford came out with a movie based on the weather underground that the terrorists are on the run. >> we'd never be trade any of us all these years. >>
property tax because he raises honeybees' he qualifies for the honeybee subsidy. bruce springsteen owns hundreds of acres of land but pays little tax because a an organic farmer works his land his pour neighbors pay more. >> i don't get anybody trying to lower taxes but bonn jovi and springsteen publicly supporting for obama holding rallies but then cry tax cuts for their riches and they robbed of poverty programs and a social contract with america being destroyed the middle-class is...